Sri Lanka, Feb. 18 -- The Chairperson of Lanka Sugar Company (Pvt) Ltd, Sandamali Chandrasekera, has resigned from her post with immediate effect citing pressure from certain local politicians.

In a letter addressed to Minister of Industry and Entrepreneurship Development Sunil Handunnetthi, informing of her decision to resign, the Chairperson highlighted that Lanka Sugar Company, as a loss-making State-Owned Enterprise, operates under strict regulatory and financial controls, including those imposed by the Department of Public Enterprises.

The Chairperson noted that while these frameworks are necessary to ensure accountability and governance, they inevitably constrained the Company's ability to function and respond to external demands....